LEADER 07710oam 22015854 450 001 9910955773403321 005 20250426110640.0 010 $a9781475511987 010 $a1475511981 010 $a9781475511970 010 $a1475511973 035 $a(CKB)2670000000332688 035 $a(EBL)1607005 035 $a(SSID)ssj0001176401 035 $a(PQKBManifestationID)11720807 035 $a(PQKBTitleCode)TC0001176401 035 $a(PQKBWorkID)11138183 035 $a(PQKB)11184974 035 $a(Au-PeEL)EBL1607005 035 $a(CaPaEBR)ebr10629465 035 $a(OCoLC)811153512 035 $a(IMF)WPIEE2012233 035 $a(IMF)WPIEA2012233 035 $a(MiAaPQ)EBC1607005 035 $aWPIEA2012233 035 $a(EXLCZ)992670000000332688 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAssessing the Cost of Financial Regulation /$fDouglas Elliott, Andre Santos 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (83 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781475511994 311 08$a147551199X 311 08$a9781475510836 311 08$a1475510837 320 $aIncludes bibliographical references. 327 $aCover; Contents; Executive Summary; Introduction; I. Literature Review; II. Qualitative Assessments of the Cost Impact of Regulatory Changes; Tables; 1. Basel III Impact on Credit and GDP Growth; 2. Major Regulatory Initiatives; 3. Impact of Major Regulatory Initiatives on U.S. Financial Institutions; III. Quantitative Analysis of Stand-Alone Reforms; A. Choice of Baseline Scenario; B. Translating Cost Changes to Credit Impacts; C. Estimating Changes to Lending rates; D. Capital Requirements; 4. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Region, End-2010; Figures 327 $a1. Effect of Basel III Changes on Common Equity Tier 1 Capital Ratios 5. Planned Mitigating Actions by U.S., European, and Japanese Banks; 6. Pro-forma Basel III Common Equity Tier 1 Capital Ratios by Bank Business; 2. Effect of Basel 2.5 and III on Common Equity Tier Capital Ratios; 7. Effects of Higher Capital Levels on Lending Rates; E. Liquidity Requirements; 8. Pro-forma Basel III Liquidity Ratios, End-2010; 9. Estimated Effects of Liquidity Changes on Lending Rates; F. Derivatives Requirements; 10. Effects of Derivatives Reforms on Banks per Year; G. Securitization Requirements 327 $a11. Estimated Effects of Derivatives Changes on Lending RatesH. Taxes and Fees; I. Integrated Effects on Credit Provision; 12. Annual Fees and Taxes on European and U.S. Banks; 13. Estimated Effects of Tax and Fee Changes on Lending Rates; 14. Cumulative Impact of Regulatory Reforms on Lending rates; 3. Effects of Changes in Key Parameter Assumptions on Lending Rates; IV. Uncertainties and Areas for Further Research; V. Conclusion; Appendix I. Supplementary Tables; Appendixes; I. Supplementary Tables; 16. European, Japanese, and U.S. Banks in the Sample 327 $a17. Planned De-Risking Measures, End-2010 Appendix II. Assumptions for the Credit Pricing Equation; II. Assumptions for the Credit Pricing Equation; References 330 3 $aThis study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 bps in the United States. These results are similar to the official BIS assessments of Basel III and an OECD analysis, but lower as a result of including expense cuts and reductions in the returns required by investors. As a result, they are markedly lower than those of the IIF. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/233 606 $aFinancial institutions$xLaw and legislation 606 $aBank capital$xLaw and legislation 606 $aBank loans 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aFinancial Risk Management$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aInvestment Banking$2imf 606 $aVenture Capital$2imf 606 $aBrokerage$2imf 606 $aRatings and Ratings Agencies$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinancial Crises$2imf 606 $aFinancial services law & regulation$2imf 606 $aBanking$2imf 606 $aMonetary economics$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aLiquidity requirements$2imf 606 $aBasel III$2imf 606 $aCredit$2imf 606 $aCapital adequacy requirements$2imf 606 $aFinancial regulation and supervision$2imf 606 $aMoney$2imf 606 $aFinancial crises$2imf 606 $aBanks and banking$2imf 606 $aState supervision$2imf 606 $aAsset requirements$2imf 607 $aUnited States$2imf 615 0$aFinancial institutions$xLaw and legislation. 615 0$aBank capital$xLaw and legislation. 615 0$aBank loans. 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMoney and Monetary Policy 615 7$aFinancial Risk Management 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aInvestment Banking 615 7$aVenture Capital 615 7$aBrokerage 615 7$aRatings and Ratings Agencies 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinancial Crises 615 7$aFinancial services law & regulation 615 7$aBanking 615 7$aMonetary economics 615 7$aEconomic & financial crises & disasters 615 7$aLiquidity requirements 615 7$aBasel III 615 7$aCredit 615 7$aCapital adequacy requirements 615 7$aFinancial regulation and supervision 615 7$aMoney 615 7$aFinancial crises 615 7$aBanks and banking 615 7$aState supervision 615 7$aAsset requirements 676 $a346.436082 700 $aElliott$b Douglas$01816237 701 $aSantos$b Andre$01816005 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910955773403321 996 $aAssessing the Cost of Financial Regulation$94372042 997 $aUNINA